AA Merger Magic for Our Real Estate Market: US Air Exec Snaps up Sharif & Munir Mansion on Strait Lane

Here is yet another indicator of our hot, hot real estate market even in the double-million dollar price range. And it’s a good example of how our economy is feeding the real estate frenzy for the One Percent. The merger of U.S. Airways with American Airlines has brought a whole slew of high-end buyers to Dallas, and any agent with a home over about five million is polishing up their portfolio.

Remember this gorgeous spec home on Strait Lane, built by the wondrous Sharif-Munir Uncustomary Homes, almost 20,000 square feet in three stories on a one acre lot loaded with mature trees? It was built as a spec home to only set you back $12 million —well, just $11,750,000?

Well, one of the new executives from American Airline’s merger with U.S Airways, just snapped it up for his family.

“The property was on the market for 10 and a half months,” Mickey Munir, CEO of Sharif & Munir Custom Homes Inc., told the Dallas Business Journal. “We were hoping it would’ve sold sooner, but the investors were happy. This was the only brand new house of its size and caliber on the market.”

This home is spectacular, one of my all-time favorites. I think the kitchen is probably the best in Dallas and that granite cannot be duplicated nor found anywhere. The 14,429 square foot home has five bedrooms, seven full and four half baths, formals and more formals, a full basement loaded (to put it mildly) with a with a theater, fitness room, wet bar, wine cellar, den and exits to a sunken courtyard with a covered sitting area and a water feature that flows from the pool and spa above. Including the sunken covered verandas and garages, there’s a whopping 19,184 square feet under one roof. Every room is loaded with detailed hyper-vigilant quality from the construction to the trim, paint, baby’s butt-smooth wall finishes, flooring and granites which are some of the most rare in the world. This is a home for entertaining! The gourmet kitchen features a giant center island with a veggie sink, 8-burner range with pot filler and warming drawers.

Come to think of it, I think Mickey told me the kitchen granite may be one of a kind in the world! It’s from The Granite Shop, “Super White” on the perimeter, and “Matrix Brushed” on the island. And I am drooling over HER master bathroom and vanity with the giant soaking tub, walk-in shower, water closet (i.e. potty) with a bidet and a cavernous wardrobe with a center island packing table. Marble, marble everywhere! This is just the way Mickey and Michael Munir build homes. And I think this house is really their finest moment!

Like I said, this Strait Lane prize is definitely one of the largest homes in Dallas au currant, and was one of the priciest on the market. It was built for a major league star… who will feel right at home with all the other stars of Strait Lane:  Ross Perot, Dirk Nowitzki, Phil Romano (well, one of his homes) and Brint Ryan. I’m told the buyers, who are moving here from Phoenix, had their hearts set on another listing (one of Erin Mathews’) on Meadowood, but that last minute legal hiccup with the AAL-US Air merger kind of nixed that deal. Besides, they fell head over heels in love with THIS house.

Candace Carlisle at the Dallas Business Journal reports that the buyers paid $10.5 for the home. And you know what? She’s actually RIGHT!

Note: an earlier version of this post with the buyer’s name appeared on February 28, but was removed Saturday afternoon due to what were, in our opinion, a proliferance of mean and vicious comments. That’s not our style on CandysDirt. We decided to re-post and remove the owner’s names, though all information is public record.